Answer the following questions for both sole traders and companies: Is there any statutory regulation governing them?
Question:
Answer the following questions for both sole traders and companies:
Is there any statutory regulation governing them?
Who owns the business?
Who manages the business?
Is the business a separate legal entity?
Does the business end when its owners change?
Is taxation an expense of the business?
How do owners extract profits from the business for their own use?
Is the business quoted on the stock exchange?
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Related Book For
Financial Accounting Longman Modular Texts In Business And Economics
ISBN: 9780582381698
2nd Edition
Authors: Christopher Waterston, Anne Britton
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